Scotiabank Predicts Reduced Earnings for Agnico Eagle Mines

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) – Stock analysts at Scotiabank reduced their FY2026 earnings per share estimates for Agnico Eagle Mines in a report issued on Thursday, February 19th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $16.63 per share for the year, down from their prior estimate of $17.13. The consensus estimate for Agnico Eagle Mines’ current full-year earnings is $5.50 per share. Scotiabank also issued estimates for Agnico Eagle Mines’ FY2027 earnings at $16.54 EPS.

Several other equities research analysts also recently issued reports on AEM. TD Securities increased their price objective on shares of Agnico Eagle Mines from C$241.00 to C$251.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada cut Agnico Eagle Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, December 10th. Erste Group Bank downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. set a C$337.00 price objective on Agnico Eagle Mines and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus increased their price objective on Agnico Eagle Mines from C$300.00 to C$350.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$272.60.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at C$329.66 on Monday. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. Agnico Eagle Mines has a 52 week low of C$132.96 and a 52 week high of C$329.83. The company’s 50 day moving average price is C$269.62 and its two-hundred day moving average price is C$238.21. The company has a market capitalization of C$164.93 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 22.97 and a beta of 1.54.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results on Friday, February 13th. The company reported C$3.71 EPS for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The company had revenue of C$4.89 billion for the quarter.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 18.06%.

Insider Activity at Agnico Eagle Mines

In other news, insider Ammar Al-Joundi sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$243.40, for a total transaction of C$4,868,000.00. Following the sale, the insider owned 54,917 shares in the company, valued at C$13,366,797.80. This represents a 26.70% decrease in their position. Also, insider James Porter sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$247.42, for a total transaction of C$742,260.00. Following the transaction, the insider owned 7,734 shares in the company, valued at approximately C$1,913,546.28. The trade was a 27.95% decrease in their ownership of the stock. 0.08% of the stock is owned by insiders.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.